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Clifton, NJ
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Ignore Fast Eddie
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In United States
Registered Dec 17, 2010

Fast Eddie's most recent comments:

• On 24 Jan 2011 in Latest Report from the People's Republic of NJ, Fast Eddie said:

  HousingWatcher,

  I have about 70% equity in the house and can pay it off at any time. The value of my house is roughly 375K by current comparable sales and similar houses. If it falls 20%, that would be 300K. If the 600K house falls to 480K, that's 120K less, which is what it should sell for according to the long term trend. 20% down on 480K is 96K and on 600K, it is 120K. That's 124K difference... on the same house!!! The difference in mortgage balance w. 20% down would be 384K compared to 480K. Factor in a 30 yr. fixed and that expands exponentially. Why is this still a mystery? The houses are still over-priced and the sellers are still delusional.

• On 21 Jan 2011 in Latest Report from the People's Republic of NJ, Fast Eddie said:

  HousingWatcher,

  Now I know you're putting me on. omg....

• On 21 Jan 2011 in Latest Report from the People's Republic of NJ, Fast Eddie said:

  tatupu70 ,

  I agree. Where are those numbers coming from?